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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 21, 1907
Page
15
Market activity shows declines colder than Tuesday with Rock Island Collateral Trust bonds offered for sale. Amid thin demand, renewed bond issues appear to depress prices, as investors weigh government data and corporate debt levels against potential yields.
Special to The Washington Post New York stock activity showed poor quality trades on Union Pacific amid speculation on government note payments. Traders cited large holders liquidating while others defended key issues like Pennsylvania Union Pacific and Amalgamated Copper as markets faced uncertainty over treasury note issuance and bank circulation.
About twenty five members gathered to elect officers for the year with Hume re elected president and Sir Lynn vice president others named secretary and treasurer. The meeting featured speeches, a quiet public withdrawal, and a robust aftercall with notable transactions in Mergenthaler Washington Railway and Electric and Capital Traction stocks.
The Baltimore markets show mixed activity with prices and items ranging widely. Traders report weak local demand, robust exports, and shifting commodity quotes across grains, metals, and bonds, reflecting broader economic uncertainty.
Quotations indicate market prices across fruits, vegetables, poultry, dairy, and meats. Receipts show steady to higher bids for butter, eggs, and calves, with volume declines in some poultry and beef items and a slow market for vegetables like potatoes, onions, and apples.
In New York the Iron Age reports a modest improvement in iron trade with consumption and buying near 60 to 60 percent of full capacity. Production remains delayed as mills operate at reduced blast furnace capacity and buyers concentrate on covered shipments, while prices and tone suggest cautious improvement across related commodities and markets.
The New York Cotton market opened steady and quiet amid cautious trading as brokers anticipated upcoming data. Prices fluctuated with gains in Liverpool futures and improved absorption of offerings, while overall activity remained subdued and sentiment eased toward a steady close.
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